CEO's perspective: Confident that we will continue to deliver

We delivered a solid increase in both operating revenues and profitability, achieving an order intake of nearly NOK 90 billion in 2024. This positions us to enter 2025 with an order backlog of NOK 128 billion, which is 44 percent higher than it was one year ago, and with significant confidence in continued growth.

Our markets are growing and transforming, and our market positions are strong. Security and sustainability are high on the agenda in most countries, and we are experiencing high demand for our products and services. We have taken several steps to both sharpen and broaden the group further towards the markets we operate in. We have raised the bar through increasing our ambition, and by 2033 KONGSBERG aims to be a company with at least NOK 120 billion in revenue. The ability to demonstrate market adaptation and balance between short-term and long-term value creation is key to success.

"The results and order intake in fourth quarter continued the positive trend. We have completed a strong quarter with high activity levels across all business areas and solid profitability."

I am proud of what we are able to achieve in collaboration with our partners. The order intake in the fourth quarter is the result of long-term and targeted effort at all levels of the organisation. The trust we have earned from our customers is a result of the continuous efforts of over 14,000 employees to ensure our success.

KONGSBERG is well-positioned, has a high order backlog and market activity is all-time high. Today’s global landscape is turbulent and unpredictable. It is crucial that we can handle rapid changes and balance well between short-term and long-term strategic choices. We are expanding capacity and further developing processes. We have the right people with the right motivation, and I am confident that we will continue to deliver on our commitments and ambitions.

Download Q4 2024 Report

Please download our Quarterly Report Q4 2024 (Norwegian/English) by clicking on the links below: